About your Search

20121201
20121231
Search Results 0 to 2 of about 3
its limits, only the private and public working together can get the u.s. economy fully back on track. in particular it will be critical that fiscal policymakers come together soon to achieve longer term fiscal sustainability without adopting policies that could derail the ongoing policy. thank you. i would be happy to answer your questions. >> i guess i have ad. unemproacr -- you have another paragraph that's not just targeted something else. so what good are these targets if you have to reference the calendar date? >> we will be learning about what unintended consequences they make, and we will see what else happens to the economy that affects the levels of unemployment, for example, that we hope to achieve. so for that reason, as i discussed in my opening remarks, we decided to make the right ra for asset -- criteria for asset purchases qualitative right now because we have a number of issues we need to look at before we go forward. rates were well understood and we understand the relationships between those and rate increases and the state of the economy. so we have been able to g
of pennsylvania. his research includes the u.s. economy, tax policy, and the stock market. he is previously a senior economist at the board of governors at the federal reserve system. he went to that graduate school of business at columbia university. he has worked for both the george w. bush and clinton administrations. both of you went to the same university. i'm sure you can agree on everything today. dr. zandi first. >> thank you for the opportunity. it is an honor to be here with kevin, a good friend of mine. let me say that these are my own personal views. lawmakers have to resolve three issues -- first, the fiscal cliff. second, raising the treasury debt ceiling, which as you know is becoming an issue rarely soon. third, achieving long-term fiscal sustainability. that is deficit reduction and tax increases and spending cuts that allow the gdp ratio to stabilize by the end of the decade. these three things need to be done now. in terms of the fiscal cliff, if policy is unchanged and we go over the cliff and there is still no change after that, the gdp in 2013 will 3.5 percentage point
. this will create thousands of u.s. jobs in the hardest-hit industries on jobs that cannot be of course using materials that are 90% made in the usa energy efficiency is unique in that it creates its own cash flow. it pays for itself. there are significant barriers that prevent this from being harvested more efficiency -- more efficiently. one is to begin -- and this is akin to building power plants. we know how to finance power plants. they supply predictable amounts of energy and utility can easily raise capital. however we lack the same capital for energy efficiency even notice understood to be the most cost-effective resource for meeting our needs. the energy efficiency efforts equate to a resource greater than any other source in the country. greater than nuclear, natural gas or coal. this is a great example policy that can move the -- this provides incentive to home owners to increase -- the greater the incentive, i the savings. transitioning allows for business model metrology and creates a system to reward innovation. the good news this the systems will need to make this economically
Search Results 0 to 2 of about 3